Legendary trader John Bollinger recently expressed that XRP might become a new market leader, sparking interest in the cryptocurrency community.
John Bollinger's Opinion
John Bollinger, known for inventing the Bollinger Bands indicator, commented on XRP's price action for the first time in years. He noted that the major altcoin ‘resisted the recent signing of the Siren's best song,’ aligning with his previous dismissal of Bitcoin being in a bear market.
Market Reaction to XRP
XRP has shown significant resilience during the recent cryptocurrency market downturn. On Thursday, its price increased by 0.58%, while Bitcoin fell by more than 4%. Overall, XRP has risen by more than 16% over the past four days.
Legal Aspects and ETF
Recently, interest in XRP surged following Franklin Templeton's XRP ETF filing. This investment firm joined others like Bitwise and 21Shares in the race to launch such a product in the U.S. In addition, it is reported that the legal battle between Ripple and the SEC is wrapping up. The company aims to negotiate more favorable terms after being fined $125 million last year.
John Bollinger's perspective and XRP's unfolding developments have rekindled interest in it amid challenging conditions in the cryptocurrency market.
